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Introduction

Other guidance notes in this sub-topic have looked at how transfers of UK tax-relieved funds may be made to Qualifying Recognised Overseas Pension Schemes (QROPS) and how contributions can be made to other forms of overseas pension schemes including Qualifying Non-UK Pension Schemes (QNUPS). This guidance note focuses on three matters:

1. •

   receipt of benefits by UK resident members from overseas pension funds,

2. •

   the tax treatment of benefits from a QROPS or QNUPS wherever the member is resident and

3. •

   the taxation of UK pensions received by non-residents

UK resident members taking benefits from overseas pensions

Where a person retires to the UK, accessing their pension benefits is often a key element for funding their life in the UK. Often their options are between a lump sum, an annuity (or draw down) or a combination of both.

Benefits taken as annuities and drawdowns from non-UK pensions are generally considered employment income, in the same way as it would from a UK pension, except that PAYE